It is the survival of the fittest in the retail sector. Only those best positioned to embrace consumers’ changing shopping patterns and accommodate e-commerce will survive the seismic shift.
JLL estimates e-commerce sales will grow at an annual rate of 15.5% between 2015 and 2020. Already, online sales account for 8.9% of overall retail sales, which came in at $1.3 trillion as of Q2, according to the U.S. Census Bureau.
Bisnow dissected JLL research on how 13 retail categories are handling the pressure, and whether they will successfully make the shift online. . . . more